Here is the end of my trading day have a good night all GU locked on be +5 thanx TooSlow!

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No disrespect intended, but what in the world are you talking about? + 5 pips "locked"? BFD! Let's see what happened after you said goodnight. Assuming you got in where my yellow vertical line is, you were taken out on the very next bar for a whopping 5 pips!!! It's better than losing 5 pips, but how are ya gonna make any money with results like that? Seriously ... I trade in 0.2 lots ... I'd probably have made $5 on that trade ... hardly worth the time of the broker or myself!!!

{quote} No disrespect intended, but what in the world are you talking about? + 5 pips "locked"? BFD! Let's see what happened after you said goodnight. Assuming you got in where my yellow vertical line is, you were taken out on the very next bar for a whopping 5 pips!!! It's better than losing 5 pips, but how are ya gonna make any money with results like that? Seriously ... I trade in 0.2 lots ... I'd probably have made $5 on that trade ... hardly worth the time of the broker or myself!!! {image}

Ignored

Small profits adds up and make big profits; you should know that considering the time you are interested in trading.
Any profit is better than loss; you can't predict what market do next.
Nobody cares how big lots you trade or how much profit you gain, because it doesn't really matter; if you can't be profitable in the longer period on small account, you can't make big $ neither.
Read the topic from the beginning, the charts speak from themselves.
Stop juggling with different methods; stick with one and master it.

{quote} No disrespect intended, but what in the world are you talking about? + 5 pips "locked"? BFD! Let's see what happened after you said goodnight. Assuming you got in where my yellow vertical line is, you were taken out on the very next bar for a whopping 5 pips!!! It's better than losing 5 pips, but how are ya gonna make any money with results like that? Seriously ... I trade in 0.2 lots ... I'd probably have made $5 on that trade ... hardly worth the time of the broker or myself!!! {image}

Ignored

By not losing. You said it yourself.
If you're consistent with what you're doing the small +5s add up in the long run. But you have to see that for yourself.(Or you could search "management" in the search box in this thread and you will see why it works)

I don't know what kind of returns you expect with 0.2 lots (with a single trade), but try not to think in $. What if you were trading 2 lots? That'd be $50. You see where I'm going. The "how much" perception is in the mind of the individual. Take advantage of the fact that you can trade 0.01 lots. If you're learning a method, you might as well try using microlots until you find that you're consistent. Oh, and this works for basically any method you want to try out. Then you start building and compounding from there. Once you get the thing going, by compounding, you can build off a small account, and (I'm gonna quote Lem here) it will look very healthy, very quickly.

I say this because it seems like your mindset is in the wrong place. Take it from someone that used to be like this. You are more focused on the money than on learning the method. Which inevitably happens at first but it will only hinder your results.

I like checking different threads and methods here because I find them interesting, but this happens way too often. Somebody comes expecting to find the next big thing or the best system > doesn't read the thread in detail > makes 5 trades with it > find that they had more losers than winners > "uh this system is shit I'm not making millionz" > unsubscribe and go on to the next thread. There's a template provided to make your screen as clean as possible and showing the rules. Why are you not using it? What's that TDI for if the method doesn't even use it? And if you don't know the method how are you even going to adapt it to your own?

If you find yourself jumping from method to method, explore the possibility that the problem might not be the method. Once you get this idea down then you can actually start looking for a method that you feel comfortable trading with (that suites your trading style), instead of checking every single one of them to see if they will make you money. Be honest with yourself. I believe almost everyone goes through this, part of learning I guess. But now that you know this, you can take a step in the right direction and start improving.

I know you didn't ask for advice, but you might find it useful. Remove all the variables. Clean up your charts. Trade 0.01 lots, and stick to one pair (each pair moves differently and in different sessions). Trade everyday at the same time for the same amount of time. This is what made me not want to get my fist through the screen every time I had a losing trade because I knew it was a step in the right direction.

And maybe you could change the way you approach this. Instead of thinking "5 pips? BFD!" you could think: "this dude actually makes bank every time by grabbing 5 pips, maybe there's something to it".

Threads like this or HOLO are a minority in FF, with chart sharing and healthy discussions. You have good traders literally willing to share knowledge for free. If you're going to give this a shot, please give it an honest effort.

Edit: Just wanted to add, don't take this as an offense. This is also because I saw your previous post with "I'm beginning to think forex trading is a massive waste of time. Trying to wrap your head around someone else's idea just to lose money isn't my idea of fun!". This post was meant to help you out. Trading is very punishing to those who do it without putting in the effort, and very rewarding to those who put in the work. Maybe this post helps you change your mind. If you do, I believe you're already halfway there.

{quote} By not losing. You said it yourself. If you're consistent with what you're doing the small +5s add up in the long run. But you have to see that for yourself. (Or you could search "management" in the search box in this thread and you will see why it works) I don't know what kind of returns you expect with 0.2 lots (with a single trade), but try not to think in $. What if you were trading 2 lots? That'd be $50. You see where I'm going. The "how much" perception is in the mind of the individual. Take advantage of the fact that you can trade...

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Listen ... I'm not trying to pick on this system. If you like it, GREAT. But you're line of reasoning doesn't wash. If there was an ounce of truth to your many worded lecture, there wouldn't be a thousandth of the number of "systems" proffered here on FF. After years and years of more and more systems it should be obviously self-evident that most of the systems so generously proffered by the many, many OPs are, in the end, BS!!! Go back a couple of years and look at the systems that were popular ... why, if they actually made people MONEY (trust me ... that's what this is all about) why did people keep looking for another system? ETERNALLY SEARCHING FOR A NEW WAY TO MAKE MONEY!! Why?? Because the market changed? That's a bunch of hooey. I'm not gonna try to rain on anyone's parade, but just ask yourself why so many systems and why are there so many, many more on the way if these things actually worked? And lot sizes? Let's face it ... it's gonna take a BIG BUNCH of $5 "wins" to ever amount to anything.

{quote} Listen ... I'm not trying to pick on this system. If you like it, GREAT. But you're line of reasoning doesn't wash. If there was an ounce of truth to your lecture, there wouldn't be a tenth of the number of "systems" proffered here on FF. After years and years of more and more systems it should be obvious and self-evident that most of the systems so generously proffered by the many, many OPs are, in the end, BS!!! Go back a couple of years and look at the systems that were popular ... why, if they actually made people MONEY...

Ignored

(This wall of text might be helpful to those who are struggling and jumping from method to method)

The only thing that's self-evident after that observation, is that the majority of "traders" aren't profitable because they don't understand the learning curve of trading. Because people don't put in the effort and want the easy way. "I want to be profitable and I want it now. If it doesn't happen within a week then the system sucks". It's interesting to see those who stick to some methods and regularly post in threads, they are the minority and you can literally see them go from unprofitable to profitable through the thread. They also go unnoticed because the majority doesn't even take the time to read a thread in detail.

I mean really, take a look. Look at all the "Trading Systems". 73 Pages of threads in FF. 2899 threads. 2899 "systems".

But how are these "systems" built? It's true that many (but not all) of the systems are "BS".
I literally went to a random page: https://www.forexfactory.com/showthread.php?t=339414 "stoploss becoming take profit" with the author asking for an EA. An EA that basically destroys your account. And there are many, many more like this. Martingale, hedge, aggressive averaging down, because they don't even want to have a single losing trade. Other systems with a bunch of crap and indicators and arbitrary rules that don't even make sense. But do you want to know why? Because the majority of them are written by traders with this same mentality who are as clueless as the traders who read them. Because they tried it for a day, won 4 trades in a row, and think they've found the holy grail. Because of their mentality of jumping from system to system. It's a vicious cycle to find the "winning system". Because they don't want to give an honest and consistent effort to a method that has an actual edge behind it. Something that you can exploit. But the only way can you realize that something works is by doing it consistently. And that takes time and effort.

There are no shortcuts here. You might have luck and a couple of good trades, and that's it. The system won't make you money. You're the one who's going to make it. Or not. But that's up to you.

You seem to be failing to understand the purpose of a method / system. The method is a tool. It's not a "thing you blindly follow and just make money with". If it was that easy, we'd all be millionaires because there wouldn't be room for error, or you could even trade it automatically with an EA, which, by the way, happens in every-single-thread in this forum. "Where's the EA?" "Can anyone write an EA for this?" "Backtested it with EA, doesn't work" (or even better, "Backtested with EA with great results" and then they actually use it and it fails, miserably). The mentality is the issue. People are lazy, there's no other way to put it. And if you're going to argue that institutions trade automatically, they have their own proprietary software. They're not trading with an EA from FF on an MT4 terminal. Want a good filter for threads that have actually decent methods? Look for those that avoid EAs.

If you don't know how to trade, you won't make money at the end of the day, regardless of the method you're using. And this is what people fail to grasp. The reason there are many methods and systems (and I mean the systems with some sort of edge behind them, which are a minority but still offer variety in their approach) is because there are many ways to skin a cat and they suit different trading styles, not because there's a "winning system". Some traders prefer breakout methods, other prefer reversals, some might prefer scalping, others may prefer swing trading, etc. There's no winning system. The trader is the one who's profitable.

Look, again, I insist because I used to think like you. This is what I couldn't get my head around: "If this method works why am I not making money with it?"

If you take every trade without having your own discretion, you're not going to do so well. After a while you find yourself tossing a coin against a screen with red and green rectangles, a bunch of colourful lines, like you're a modern day alchemist. At some point I was like: "Nah man, this is bullshit. This is a glorified casino. How do they even make money with this?"

What you need to do is change your approach. If you aren't profitable, stop trading to make money, and start trading to learn. Because you can't make money if you don't know what you're doing. As simple as that. Everything gets much easier when the green/red number stops taking 95% of your attention.

Because trading is somewhat discretionary. You need to learn to read price. It has a lot of nuances that you have to pick up, and you do so by learning and watching. And you do so by making mistakes as well. If this sounds too abstract, I'll use 1-2-3 as an example:
- You start learning the method.
- You take every single trade signal systematically (trigger? Take it, don't care about context for now. You might lose but you'll learn with those losses) But watch the charts, don't "set & forget" your trades, see what price has been doing and how it's moving. This is how you learn.
- Losing trade? Take a screenshot. Why did it go wrong?
- Winning trade? Take a screenshot as well.
- Done with your week of trading? Dissect your trading week. Go through every trade.
- Keep doing this, and you'll see that you start picking up things. "Yeah, I'm trading against a freight train, last time this happened I got screwed, I'll pass on this trade". You'll start developing common sense for trading, which sounds dumb and obvious, but incredibly powerful.
- Now you're avoiding losses.
- "Hmm, the wick from the previous candle is too large, which means I'd have a rather big stop". And you can wait and decide to pass on the trade, or adjust your stop, but you'll find that you're now minimizing losses as well.
- "I've been here before, and price seems to be running out of gas, a drop here seems likely". Lock in a part of the trade to not let a winner become a loser, and you start letting a part of your trade run for the big move. Now you're maximizing profits.
- And after a while you'll see that you go from red to green, to green.

This is what's going to make a difference. It's up to you. This method helps you in keeping your entries as simple as possible so that you can actually watch price. Other methods have too much indicators, and too much filters for entries which makes it hard to understand the context of the trades they're taking.

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Disliked

"Let's face it ... it's gonna take a BIG BUNCH of $5 "wins" to ever amount to anything."

You'll spend more time learning than growing your account. Once you're green, don't underestimate the power of compounding. It doesn't take as long as you think.

{quote} No disrespect intended, but what in the world are you talking about? + 5 pips "locked"? BFD! Let's see what happened after you said goodnight. Assuming you got in where my yellow vertical line is, you were taken out on the very next bar for a whopping 5 pips!!! It's better than losing 5 pips, but how are ya gonna make any money with results like that? Seriously ... I trade in 0.2 lots ... I'd probably have made $5 on that trade ... hardly worth the time of the broker or myself!!! {image}

Ignored

Simply stoped out, but just to clarify that time is not best time for trading these system, thee edge is another thing

I started trading this system with $10-00 making an average of $0.01 per trade! That was round about a year 1/2 back! Ones I started seeing the constant profit I added $10-00 per month! My account is now over $1000-00 making about $10-00 per day! Compound that for the next year and still ad the $10-00 per month! It will grow to about $10 000-00 by end of 2019. No bank or investment company can do that for you! !!!!

{quote} Hi All, I started trading this system with $10-00 making an average of $0.01 per trade! That was round about a year 1/2 back! Ones I started seeing the constant profit I added $10-00 per month! My account is now over $1000-00 making about $10-00 per day! Compound that for the next year and still ad the $10-00 per month! It will grow to about $10 000-00 by end of 2019. No bank or investment company can do that for you! !!!! Don't underestimate even 1 cent in trading!!!

{quote} Hi All, I started trading this system with $10-00 making an average of $0.01 per trade! That was round about a year 1/2 back! Ones I started seeing the constant profit I added $10-00 per month! My account is now over $1000-00 making about $10-00 per day! Compound that for the next year and still ad the $10-00 per month! It will grow to about $10 000-00 by end of 2019. No bank or investment company can do that for you! !!!! Don't underestimate even 1 cent in trading!!!

Good lord ... quite a story; he started with $10 and made $.01 p/winning trade (let's say he won 1000 trades ... no losers; that's a grand total of $10) so he added $10 p/mo over 18 months which comes out to $180. How in the name of all that's righteous does he come up with $1000? Another fairy tale!! And to top this cake off with a real BIG cherry, he's going to make another 1000% during 2019? One thing he said that sounds right ... "no bank or investment company can do that for you!" HOW TRUE!